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cameron said he will be missed as a spiritual leader for millions. >>> and from angela merkel -- he had to make a difficult decision. just some of the reaction that's coming in today. joining mess is rome bureau chief claudio lavagna, and george weigel from washington. claudio, i want to start with you. we have part of the pope's statement. in it he said that both strength of mind and body are necessary, strength in the last few months has deteriorated to me to the extend i have had to recognize my incapacity to adequately fulfill the ministry. with hindsight being 20/20, had there been any rumors that something like this was coming? >> reporter: we possibly benedict xvi even hinted at it himself, he said if he felt his strength and his body wasn't up to speed to comply with the duties that were -- that are expected of a pontiff, and very heavy duties like traveling around, attending ceremonies, working nonstop. at 85, that's tiring for everybody, for any man his age, let alone a pontiff and the pope and leader of 1 billion catholics around the world, but nobody really believed that wou
in italy said he was shaken by the news, while the chancellor angela merkel said she respects his decision. and david cameron sending his wishes. it comes in a meeting this morning, he announced this decision to leave the papacy at the 28th of february at 8:00 at night. it was a decision made without consulting anyone. there was a lot of surprise. and also, the spokesman, when he made a speech -- or when he had a press conference just a few hours later, he said, you know, we need some time, we need some days to try to better understand how to move forward. just to better understand what's going to happen afterwards, is that there will be a conclave of 118 cardinals that will be electing the new pope. so clearly what happens between now and then, really, is that the pope will continue doing what he has done so far. his decision was unexpected. and the way he announced it was very, very simple. he said he doesn't feel he has the strength, mental and physical and spiritual, to move forward in this position. he needs the physical strength that he does not have. he has been ill. his health has
today with angela merkel. this is one election reverb rating and causing problems for policymakers. >>> more broadly, take a look at the italian markets. it is the red spot. down 0.4%. this has been key to trade both with the euro and generally with u.s. features futures this morning. so down about 0.4%. it was down about 0.6%. at those levels, you started to see u.s. futures turn negative. it looks like we're going to be able to hold up here. german unemployment data only that and can cpi data, the main releases this morning. german unemployment adjusted at 6.9% held steady in january. the cpi fell on the month but was up 2% year on year. it's spurring talks about a rate cut. quick look at the bond space next, this is where where he watch for policy cues. we're seeing a rally. we're seeing yields slightly lower. no real signs of concern emanating from here this morning. turn quickly to forex and the euro/dollar which was trying to continue to hold its ree bound, that's not the euro/dollar. we are at 1.5186 for sterling/dollar. sorry. we're over here at 1.3109. giving up about 0.2%
Search Results 0 to 3 of about 4 (some duplicates have been removed)